Research shows that the concerns of Cook County, Illinois residents who have long felt as if their property tax bills were increasing exponentially in comparison with their other expenses have merit. A 2020 study conducted by the county treasurer’s office reveals that...
Property taxes are an inevitable cost for most property owners, but the way the state or county determines what owners pay is a fuzzy process of estimation. Assessors do not have the time to investigate every nail and crossbeam on every lot. But their job is important...
It is no secret that Illinois property taxes are sky-high. In some cases, you may disagree with the assessed value of your property as it appears on your tax bill, and if you wish to appeal it, you must do so at the local level. Per the Illinois Department of Revenue,...
Every year, you have the responsibility to pay property taxes on any real estate you own. Each jurisdiction will handle the property tax rates and collection for property within its boundaries. You may get a different bill each month as authorities do appraisals and...
Taxes are one of the few certainties in life, and if you own your own home, you can add property taxes to your annual tax budget. However, how much in taxes you should account for is a little less definite. Property taxes can increase or decrease based on a number of...
The assessor's office has a lot on its plate in Chicago. Their job is to evaluate changes in the real estate market, take everything about your property into account, and determine if any shift in those factors changes your property value. This directly affects your...
Unless you work specifically in the financial oversight sector in Illinois, tax law can seem extremely daunting. This is especially true of property taxes (given their ever-changing nature). You may know little about their complexities (other than the fact that you...
Windy City residents prepare: Property tax increases are ahead. Despite already having some of the highest tax rates in the United States, Chicago costs keep going up. If you are one of the thousands of residents who expect this year's tax bill to hurt their wallet,...
As a property owner, you are likely to have concerns about how high your property tax rate is. It is possible that the tax assessor has incorrectly determined the value of your property. If you have gathered evidence to appeal your assessment, you may wonder if you...
If you are a property owner in Illinois, you likely have a number of different concerns and obligations to take care of, from paying your mortgage to taking care of the property. However, propety taxes are very difficult for many homeowners and in some instances,...
